UHS
Universal Health ServicesStock · HealthcareS&P 500 Equal Weight 0.2% · S&P 500 0.01% · Russell 1000 0.01% · Russell 3000 0.01% · US Stock Market 0.01% · MSCI World 0.009% · MSCI ACWI 0.008%$176.69-2.25%
as of market close, Sep 18, 2026
☾ AH — —
UHS financial statements
The full income statement, balance sheet, and cash-flow statement for Universal Health Services (UHS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 66.7M2024-09 66.0M2024-12 65.0M2025-03 64.4M2025-06 63.6M2025-09 62.5M2025-12 61.1M2026-03 60.5M2026-06 58.9M-11.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.4B+9.7% | 15.8B+10.8% | 14.3B+6.6% | 13.4B+6.0% | 12.6B+9.4% | |
| Total operating expenses | 15.4B+8.7% | 14.1B+7.9% | 13.1B+5.7% | 12.4B+9.9% | 11.3B+10.6% | |
| Operating income | 1.99B+18.6% | 1.68B+43.1% | 1.18B+17.1% | 1.00B-26.4% | 1.36B+0.3% | |
| Interest expense | 156M-16.1% | 186M-10.0% | 207M+62.9% | 127M+51.7% | 83.7M-21.3% | |
| Other non-operating income | 134M+5915.0% | 2.23M+107.9% | -28.3M-171.8% | -10.4M-174.9% | 13.9M+99121.4% | |
| Pre-tax income | 1.97B+31.7% | 1.50B+59.3% | 940M+8.6% | 866M-33.0% | 1.29B+3.3% | |
| Income tax | 461M+37.7% | 335M+51.4% | 221M+5.7% | 209M-31.5% | 306M+2.1% | |
| 1.49B+30.4% | 1.14B+59.1% | 718M+6.2% | 676M-31.9% | 992M+5.0% | ||
| Net income to non-controlling interest | 22.4M+6.5% | 21.0M+1289.7% | 1.51M+108.1% | -18.6M-370.6% | -3.96M-144.8% | |
| Net income to common | 1.49B+30.4% | 1.14B+59.2% | 717M+6.3% | 675M-31.8% | 990M | |
| $23.10+37.3% | $16.82+64.4% | $10.23+11.9% | $9.14-22.7% | $11.82+7.6% | ||
| EPS (basic) | $23.42+36.5% | $17.16+65.8% | $10.35+12.1% | $9.23-23.0% | $11.99+8.4% | |
| Weighted-avg shares (basic) | 63.6M-4.5% | 66.6M-4.0% | 69.3M-5.2% | 73.1M-11.4% | 82.5M-3.0% | |
| Weighted-avg shares (diluted) | 64.5M-5.1% | 67.9M-3.2% | 70.1M-5.0% | 73.8M-11.8% | 83.7M-2.2% | |
| Dividends per share | $0.80+0.0% | $0.80+0.0% | $0.80+0.0% | $0.80+0.0% | $0.80+294.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.41B+21.0% | 2.82B+0.2% | 2.81B+10.8% | 2.54B+12.1% | 2.26B-31.0% | ||
| Cash & equivalents | 138M+9.4% | 126M+5.5% | 119M+16.2% | 103M-10.8% | 115M-90.6% | |
| Accounts receivable | 2.60B+19.5% | 2.18B-2.7% | 2.24B+10.9% | 2.02B+15.5% | 1.75B+1.0% | |
| Other current assets | 436M+49.4% | 292M+23.2% | 237M+19.4% | 198M+1.8% | 195M+41.1% | |
| 15.5B+7.3% | 14.5B+3.6% | 14.0B+3.5% | 13.5B+3.1% | 13.1B-2.8% | ||
| Property, plant & equipment | 7.01B+6.6% | 6.57B+7.3% | 6.12B+3.5% | 5.92B+0.8% | 5.87B+9.3% | |
| Operating lease right-of-use | 374M-10.6% | 419M-3.5% | 434M-4.6% | 455M+23.7% | 367M+9.2% | |
| Goodwill | 3.99B+1.5% | 3.93B+0.0% | 3.93B+0.6% | 3.91B-1.3% | 3.96B+2.1% | |
| Intangible assets | 75.9M-0.5% | 76.3M-1.0% | 77.0M-1.4% | 78.1M-3.6% | 81.0M-1.9% | |
| Deferred tax assets | 70.5M-40.5% | 118M+38.3% | 85.6M+25.2% | 68.4M+49.6% | 45.7M+101.5% | |
| Other non-current assets | 5.11B+0.6% | 5.08B+1.0% | 5.03B-0.1% | 5.04B+1.7% | 4.96B+2.8% | |
| 3.24B+46.6% | 2.21B+9.8% | 2.01B+5.2% | 1.91B-3.5% | 1.98B-20.0% | ||
| Accounts payable | 750M+18.7% | 632M+2.9% | 614M-3.6% | 637M-3.4% | 659M+15.5% | |
| Short-term & current debt | 748M+1767.6% | 40.1M-68.4% | 127M+55.5% | 81.4M+68.2% | 48.4M-85.4% | |
| Current lease liability | 73.2M-1.9% | 74.6M+4.3% | 71.6M+5.6% | 67.8M+5.1% | 64.5M+7.8% | |
| Finance lease liability (current) | 5.74M+8.6% | 5.28M+73.2% | 3.05M+0.1% | 3.05M+11.2% | 2.74M+33.0% | |
| Long-term debt | 4.00B-10.3% | 4.46B-6.7% | 4.79B+1.3% | 4.73B+14.1% | 4.14B+17.5% | |
| Non-current lease liability | 341M-9.4% | 376M-1.7% | 383M-3.3% | 396M+29.8% | 305M+9.5% | |
| Operating lease liability (total) | 414M-8.2% | 451M-0.7% | 454M-2.0% | 463M+25.5% | 369M+9.2% | |
| Finance lease liability (total) | 91.1M-1.5% | 92.5M+27.3% | 72.7M-3.8% | 75.6M-4.7% | 79.3M+49.9% | |
| Finance lease liability | 85.4M-2.1% | 87.2M+25.3% | 69.6M-4.0% | 72.5M-5.3% | 76.6M+50.6% | |
| Deferred tax liabilities | 5.65M | 0.00 | — | — | 0.00-100.0% | |
| Other non-current liabilities | 528M-19.5% | 656M+12.3% | 584M+19.8% | 488M+4.9% | 465M+1.4% | |
| 7.28B+9.1% | 6.67B+8.4% | 6.15B+3.9% | 5.92B-2.8% | 6.09B-3.6% | ||
| Retained earnings | 7.99B+8.4% | 7.37B+8.4% | 6.80B+4.1% | 6.53B-1.1% | 6.60B-2.1% | |
| Accumulated other comprehensive income | 47.8M+563.6% | 7.20M-22.5% | 9.29M+196.1% | -9.67M-131.9% | 30.3M-37.1% | |
| Non-controlling interest | 63.0M-24.4% | 83.3M+74.6% | 47.7M+6.6% | 44.8M-56.7% | 103M+21.9% | |
| Total equity incl. non-controlling | 7.34B+8.7% | 6.75B+8.9% | 6.20B+3.9% | 5.97B-3.7% | 6.19B-3.3% | |
| Total liabilities & equity | 15.5B+7.3% | 14.5B+3.6% | 14.0B+3.5% | 13.5B+3.1% | 13.1B-2.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.86B-9.8% | 2.07B+63.0% | 1.27B+27.3% | 996M+12.7% | 884M-62.6% | ||
| Depreciation & amortization | 619M+5.8% | 585M+3.0% | 568M-2.4% | 582M+9.1% | 533M+4.5% | |
| Share-based compensation | 95.7M-3.7% | 99.3M+13.3% | 87.7M+2.7% | 85.4M+15.9% | 73.7M+11.9% | |
| Deferred income taxes | 50.7M+251.6% | -33.5M-86.3% | -18.0M-2.3% | -17.6M+40.6% | -29.5M-9.4% | |
| Change in receivables | 318M+572.1% | -67.4M-136.9% | 182M-29.4% | 258M+2811.5% | 8.87M-93.9% | |
| -1.07B-17.5% | -911M-19.4% | -763M-17.9% | -647M+29.2% | -914M-13.9% | ||
| Capital expenditure | 1.02B+7.6% | 944M+27.0% | 743M+1.2% | 734M-14.2% | 856M+17.0% | |
| Free cash flow | 849M-24.4% | 1.12B+114.1% | 525M+100.3% | 262M+834.6% | 28.0M-98.3% | |
| Acquisitions | 47.8M+151.6% | 19.0M+409.6% | 3.73M-81.6% | 20.3M-80.7% | 105M+102.7% | |
| -750M+34.5% | -1.14B-131.8% | -494M-55.1% | -318M+70.2% | -1.07B-177.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 43.5M-98.4% | 2.64B+2988.4% | 85.5M-4.3% | 89.4M-97.1% | 3.04B+215.6% | |
| Common stock issued | 16.7M+11.0% | 15.1M+10.4% | 13.7M-2.9% | 14.1M+5.2% | 13.4M+8.6% | |
| Common stock repurchased | 968M+44.3% | 671M+22.5% | 547M-34.3% | 833M-31.8% | 1.22B+490.6% | |
| Dividends paid | 51.3M-3.9% | 53.3M-3.8% | 55.5M-5.1% | 58.4M-11.3% | 65.9M+279.9% | |
| Net change in cash | 46.6M+352.9% | 10.3M-24.6% | 13.6M-37.8% | 21.9M+102.0% | -1.10B-193.8% | |
| Interest paid | 156M-7.3% | 168M-16.1% | 200M+66.8% | 120M+58.9% | 75.6M-32.9% | |
| Income taxes paid | 471M+44.7% | 325M+26.2% | 258M+2.8% | 251M-30.9% | 363M+26.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 13.3B+14.2% | 11.7B+12.1% | 10.4B+3.4% | 10.1B+3.7% | 9.70B-17.1% | |
| P/E | 8.9×-12.4% | 10.2×-33.6% | 15.4×+13.2% | 13.6×+39.0% | 9.8×-21.1% | |
| P/S | 0.8×+4.1% | 0.7×-0.7% | 0.7×-2.5% | 0.8×-0.9% | 0.8×-24.2% | |
| P/B | 1.8×+4.6% | 1.7×+2.0% | 1.7×-0.2% | 1.7×+7.9% | 1.6×-14.0% | |
| P/FCF | 15.7×+51.0% | 10.4×-58.9% | 25.3×-34.3% | 38.5×-88.9% | 346.0×+4716.2% | |
| Earnings yield | 11.2%+14.2% | 9.8%+50.7% | 6.5%-11.6% | 7.4%-28.1% | 10.2%+26.7% | |
| FCF yield | 6.4%-33.8% | 9.6%+143.5% | 4.0%+52.1% | 2.6%+799.4% | 0.29%-97.9% | |
| Dividend yield | 0.37%-17.7% | 0.45%-15.0% | 0.52%-7.6% | 0.57%-8.0% | 0.62%+318.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: UHS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all UHS filings on SEC EDGAR → Not investment advice.